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Credit Suisse Group Stock Hits New 52-Week Low (CS)

Credit Suisse Group (NYSE:CS) hit a new 52-week low Wednesday as it is currently trading at $20.74, below its previous 52-week low of $21.18 with 821,317 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

NEW YORK ( TheStreet) -- Credit Suisse Group (NYSE: CS) hit a new 52-week low Wednesday as it is currently trading at $20.74, below its previous 52-week low of $21.18 with 821,317 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Credit Suisse Group has a market cap of $26.88 billion and is part of the financial sector and banking industry. Shares are down 6.5% year to date as of the close of trading on Tuesday.

Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 44.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Credit Suisse Group as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Credit Suisse Group Ratings Report.

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